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Should I Take Out a 401k Loan to Pay Off Debt?

Should I Take Out a 401k Loan to Pay Off Debt?

Recently, I received an email from Chris who was interested in my opinion on taking out a 401k loan to pay off his student debt. “Hi Andy, Did you ever consider leveraging your 401k to try to clobber debt faster?

Marriage Kids and Money: Personal Finance for Families

January 1, 201825m 31s

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Show Notes

Recently, I received an email from Chris who was interested in my opinion on taking out a 401k loan to pay off his student debt. “Hi Andy, Did you ever consider leveraging your 401k to try to clobber debt faster?"

I do not mean withdrawing funds from the 401k and incurring the penalty and tax … Continue reading "63 | Should I Take Out a 401k Loan to Pay Off Debt?"

The post 63 | Should I Take Out a 401k Loan to Pay Off Debt? appeared first on Marriage, Kids and Money.

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